Private deposits in Omani banks grow to OMR 11.8b

CBO

Private deposits of commercial banks in the Sultanate as at the end of October 2015 rose by 8.10 per cent to OMR11,786.1 million compared to OMR10,902.6 million in the corresponding period last year, according to the monthly statistical bulletin published by the Central Bank of Oman (CBO).

These deposits as of the end of October 2015 includes the time deposits that stood at OMR3,236.2 million, savings deposits of OMR4,349.8 million and demand deposits of OMR3,930.2 million, added the report.

These deposits include OMR10,860.9 million and OMR925.2 million in foreign currencies.

As for the banking indicators for the commercial banks are concerned, the bulletin said that the broad money and clearance to the deposits in Omani rials was 27.7 per cent. The combined money and clearance to the gross deposits was 24.4 per cent. The total percentage of loans to deposits was 100.8 per cent.

The rate of foreign currency deposits to the total deposits was 12.2 per cent. The rate of foreign assets to the total loans was 13.8 per cent. The rate of foreign assets to the total assets was 9.7 per cent. The foreign liabilities to the total liabilities were 16.5 per cent.

The on-demand deposits to the total private deposits were 33.1 per cent. The capital and reserves to the total deposits was 18.1 per cent. The rate of allocations and the retained interests to the total credit was 3.4 per cent.


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